Islamabad: Federal Minister for Energy Owais Leghari has announced that within the next two months, for the first time, a competitive energy market policy will be implemented in Pakistan, under which the direct purchase of electricity by the government will be permanently abolished. He made this statement in a statement issued by the Power Division, which said that a delegation led by the World Bank’s Regional Vice President Usman Dion met the Energy Minister. On this occasion, the delegation was briefed on energy sector reforms, net metering policy, and the privatization process.
Owais Leghari said that the new policy will enable free trade in electricity and other modern mechanisms, including “wheeling charges,” are being introduced. Under this model, the role of the government will be limited to the regulatory framework only so as to promote transparency and further increase private sector participation.
The World Bank’s Regional Vice President, while appreciating the initiatives of the Government of Pakistan, said that the energy sector plays a key role in the development of any country, and the World Bank will continue to cooperate with Pakistan in this sector.
Pakistan to Launch First Competitive Energy Market in Two Months: Owais Leghari
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